fareed zakaria is the host of cnn's fareed zakaria "gps." the real deal to avoid the fiscal cliff that may have ruined my new year's plans, you correctly stated was a small victory for sanity. the greater issue is what is missing from that deal and the mini cliffs that we're going to encounter. the debt ceiling cliff, the southwe sequestration cliff and the budget battle. does it stand in the way of what could be happening in the country? >> it stands in the way in two ways. if you're a company that does business with the defense department, if you're watching this sequestration madness. our the debt ceiling madness, are you going to be hiring new people? are you going to be expanding production? no, you're going to be wondering, is the defense department budget cut by 20%, 10%? so there is that -- >> you will hesitate to make certain business decisions, particularly hiring decisions? >> exactly. republicans often talk about how uncertainty makes businesses not expand production. well this is the biggest uncertainty is the craziness over the